A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
So the Sensex surged,ten days consecutively, to 11284 yesterday, and then quickly corrected sharply down to 10947,down 337 points today…It was just above 8000 in early March,a little over a month ago What do you make of it ! ? Two camps here : The First Camp is Bullish and talks of a Bull run happening…We’re …
Can the Sensex be at 15000 even if the Dow drops to 5000 ! ? That’s a decoupled View Read More »
Sensex has climbed above it’s 200 DMA Levels and is currently 11200,pushing upwards…Nifty too is at 3450 levels Caution is advised…We’re now at 13 times…Elections are on us and the mandate is unclear…Infosys has just announced lower earnings expected for FY 10…Satyam legal hassles begin playing up in June with the Upaid Trial….India’s Fiscal Deficit …
Sensex at 11200 ! Risk to Continue Riding the Momentum is High…Caution Indicated Read More »
Ooof !…Yes,I’m not a Technical Guy…but just received another Tech Report from a leading listed Broker,who just laid off 70 people on Thursday….It’s a conflicting and bullish view It predicts that the Nifty will surge 42% to 4250 within Four to Six Months from now….that would mean a Sensex Level that goes past 14000 again …
I’m not into Technical Analysis…more a Fundamental Guy…but count as some of my close friends and associates,some leading Technical Voices in our Stock Markets So as this week closes with the Sensex hovering around 10000 and Obama winning the US Presidential Elections , I was taken aback when these Technical Voices made some very intense,bold and scary Long …